<<Imagine the pain of 2.5 blocks @$20. >>
I feel your pain! Back around the end of Aug MUEI looked like it was putting in a good bottom around 16-17. I bought 5k at the tale end of that bottom and watched it go to 20+. I remember thinking "hmm wonder if I should sell, nah they're getting their act together, the 4Q is always strong (yeah right !), and the ad campaign should help boost earnings, I think I'll just wait and see what happens". Oops!
Before that I bought 14k WDC at the bottom it put in around 27. I watched it go to 55. I remember thinking, "Yeah, I've doubled my $ in 13 weeks, but geesh everybody seems to love this thing now, after a little consolidation maybe it will go to 60. It was at about 49 the day it warned after the close. I sold two days later at a little below 40. Glad I did. All the DD's have gone straight down since. Yesterday QNTM warned. I remember a lot of guys on the WDC thread were telling me after I sold to buy QNTM because "man their DLT business is booming and will more than offset any weakness in DD's" or buy APM because "they are booked solid for the next Q and everything looks grrrreat"
What WDC is APM's biggest customer? "No problem, APM rules!" Right.
I keep thinking "well they are giving away processors, DD's and DRAM, that's got to be good for the boxmakers, and since MUEI has not been as aggresive as the rest of the boxmakers in moving into Asia, it has to my knowledge the lowest exposure of the group." This has got to be positive for MUEI.
Whether management will be able to bring this perceived advantage down to the bottom line is anyone's guess.
Regards,
Lee |
